Cambodia expects to export rice to China in 2010 following a trade deal set to be signed during this week, said Cambodian Prime Minister Hun Sen.
The deal is part of the Cambodian government’s strategy to expand export activities to its non-traditional markets, looking into markets in Asia – which have recovered quickly from the global financial crisis, according to the PM.
The Chinese Embassy in Cambodia said a delegation from the Chinese government is going to visit Phnom Penh and sign a special preferential deal on Cambodia ’s rice export to China .
The Chinese market is currently close to Cambodia ’s rice and the deal is expected to pave the way for other farm produce from the Southeast Asian nation to enter this huge market.
Cambodia has a great potential for rice production with 80 percent of the population being farmers. In August, the government set the target to become one of the world’s key rice exporters by 2015.
Under the target, Cambodia will expand exports to the Asian market along with existing traditional markets such as the United States and the European Union./.
The deal is part of the Cambodian government’s strategy to expand export activities to its non-traditional markets, looking into markets in Asia – which have recovered quickly from the global financial crisis, according to the PM.
The Chinese Embassy in Cambodia said a delegation from the Chinese government is going to visit Phnom Penh and sign a special preferential deal on Cambodia ’s rice export to China .
The Chinese market is currently close to Cambodia ’s rice and the deal is expected to pave the way for other farm produce from the Southeast Asian nation to enter this huge market.
Cambodia has a great potential for rice production with 80 percent of the population being farmers. In August, the government set the target to become one of the world’s key rice exporters by 2015.
Under the target, Cambodia will expand exports to the Asian market along with existing traditional markets such as the United States and the European Union./.
